Code of Alabama - Title 27: Insurance - Section 27-31-12 - Bond of attorney of domestic insurer - Deposit in lieu thereof

Section 27-31-12 - Bond of attorney of domestic insurer - Deposit in lieu thereof.

In lieu of the bond required under Section 27-31-11, the attorney may maintain on deposit with the State Treasurer, through the office of the commissioner, a like amount in cash or in value of securities qualified for deposit under Section 27-6-3, and subject to the same conditions as the bond.

(Acts 1971, No. 407, p. 707, §602.)

Last modified: May 3, 2021